from this date onwards i think trf will shine, page-5

The South Australian Governments tax royalties from the mines are only around 3% from memory? So you could say that the Tax Payers - residents of SA are not getting their fair share of the Crowns Resources that the mining companies dig up and sell at massive profits.

So SA's mining future is not at the current levels that will allow the state to benefit from the resurgence in mining in this state.

Many mining companies and mainly a hand full of executives are making millions- billions out of our resources whilst the average person gets zero benefit. Many of these mining companies are running a scare campaign saying that the sky will fall in if they pay the new recommended Tax.

One would thinks that the tax will provide a much-needed infrastructure etc for all of the states, that's if we can trust them to spend it wisely?

They also say that we shouldn't look at this as being a new tax but a more of a profit-sharing arrangement with the mining companies. At the moment the states do not share profits with mining companies, they only charge them for resources. " our resources - the crowns resources"

The charges are levied at more than 40 different rates, usually applied to the value or volume of what is mined, and range from a low of 3.5 per cent for uranium mines in South Australia to a high of 10 per cent for coalmines in Queensland.

The Treasury believes that if we previously had a 40 per cent resource rent tax in the past financial year, we would have raised another $8 billion. That could fund some major infrastructure development if spent wisely?